5698. Farmers & Merchants State Bank (Geneva, IN)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 12, 1893
Location: Geneva, Indiana (40.593, -84.960)

Metadata

Model: gpt-5-mini
Short Digest: f293cfe8

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (May 12–13, 1893) report the Farmers & Merchants (State) Bank of Geneva, Ind., 'closed its doors at noon' or 'suspended to-day at noon.' The suspension is repeatedly attributed to its connection with the failure of the Columbia (Columbian) National Bank of Chicago. No article in the set describes a subsequent reopening; contemporaneous coverage treats it as one of the small banks carried down by the Chicago failure, so I classify it as suspension leading to closure. There is no explicit mention in these clippings of a receiver being appointed for this specific Geneva bank, but the broader context implies permanent failure.

Events (1)

1. May 12, 1893 Suspension

Cause: Correspondent
Cause Details: Suspension attributed to the bank's connection with the failure of the Columbia (Columbian) National Bank of Chicago; interbank entanglement with Chicago correspondent caused suspension.
Newspaper Excerpt: The Farmers' and Merchants' Bank, of Geneva, Ind., closed its doors at noon.
Source: newspapers

Newspaper Articles (10)

1. May 13, 1893 The Portland Daily Press Portland, ME

Article from The Portland Daily Press, May 13, 1893

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THOSE LITTLE COUNTRY BANKS Went Down Like a Row of Bricks After the Columbia Failed. INDIANAPOLIS, Ind., May 12.-Reports from various small places in the State show that a panic has seized the smaller banks. The bank at Moreystown is said to have failed. Its capital is $75,000. CINCINNATI, O., May 12.-The private banking firm of Dwiggins, Starbuck & Co., of Williamsburg, O., has failed. The assignment was caused by the failure of the Columbia Bank of Chicago, of which Mr. Dwiggins was president. About $8,000 is due the Williamsburg Bank from the Columbia, all of which, it is thought, will be lost. GENEVA, Ind., May 12.-The Farmers' and Merchants' Bank closed its doors today. No statement was given out. CONVOY, O., May 12.-The Farmers' Bank here closed its doors today. The failure was caused by its relations with i the Columbia National Bank of Chicago. No statement was made. CASEY, Ill., May 12.-The Columbia National Bank is the principal stockholder Bank of in this the Farmers' city. The and Farmers' Merchants' and Merchants' assigned today. The assets are probably $16,000; liabilities $25,000 or over. OTTAWA, Ill., May 12.-Richard J. Homick, a banker, merchant and speculator of Grand this morncause was a run on ing. The Ridge given assigned financial the banks, caused by the entanglement of his brother and backer, John Hornick of Sioux City, Iowa. INDIANAPOLIS, May 12.-The Bank of Greenwood, Ind., closed its doors today on account of the failure of the Columbia Bank of Chicago. No statement is obtainable. PORTLAND DEPOT, Ind., May 12.-The Dunkirk bank of Dunkirk, this county, closed its doors yesterday and refused to pay depositors. The sheriff has gone to Dunkirk to levy on all available property of the bank, which is owned by Dwiggins Starbuck & Co. of Chicago. Its liabilities are at least $75,000. TOLEDO, O., May 12.-The Ottawa county bank at Elmore, a branch of the Chicago Columbia, has closed the doors. The bank officials are not to be found. CHARLEROIX, Mich., May 12.-W. P. Brown & Co., bankers, doing business under the name of the Bank of Charleroix have assigned. No statement was made as to the cause of the suspension. PAW PAW, Mich., May 12.-Great excitement prevails at Lawter. The managers of the local bank there did not open the institution this morning having left town last night. The citizens have some $18,000 deposited in the bank. DETROIT, Mich., May 12.-A journal special from Edwardsburg, Mich., says: The Citizens' Bank of this place displayed this notice on its door this morning: "Out of town on business; back at noon." Dwiggins, Starbuck & Co., of the Columbian National Bank of Chicago held a large share of stock in the Citizens' Bank. The citizens of this place are interested to the extent of $25,000, and the

2. May 13, 1893 The Helena Independent Helena, MT

Article from The Helena Independent, May 13, 1893

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NUMEROUS FAILURES. Brought on by the Collapse of the Columbia Bank. PORTLAND DEPOT. Ind.. May - --Word was received here at one o'clock this moining that the Dunkirk bank, of Dunkirk, this county, closed its doors last night and refused to pay depositors. A. crowd of NOVetal hundred exoited people surrounded the building. The bank was owned by Dwiggins. Starbuck & Co., of Chicago, and has gone down for at least $75,000. KOKOMO, Ind.. May 12.-The Commercial State bank, of Rossiaville, and the Farmers bank, at Greentown, both under one management, failed this morning for $60,000. The failure of the Columbia bank, of Chicago, is responsible for the collapse, About twenty other banks in Indiana are conneoted to some extent with the Columbia bank and a number of private banks, mostly small concerns. INDIANAPOLIS, May 12.-The Commercial bank, of Brookston. has failed. There 18 no statement of its assets or liabilities. It was controlled by the Columbia bank. of d Chicago. t The Bank of Greenwood. Indiana, has closed its doors on account of the failure of the Columbia bank, of Chicago. No statement is made of its liabilities. LAFAYETTE, Ind., May 12.-The Commero cial bank at Brookston. fifteen miles north of this city, closed its doors. Deposits g amount to about $50,000. Officers say it will pay in full and resume business as n soon as affairs can be straightened out. y GENEVA, Ind., May 12. -The Farmers' and Merchants' bank suspended to-day at d noon. It was connected with the Columbia National of Chicago. The bank at Walkerton, which suspended, was also connected with the Columbia. as

3. May 13, 1893 The Roanoke Times Roanoke, VA

Article from The Roanoke Times, May 13, 1893

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A STRING OF BROKEN BANKS. Ten Weak Institutions Put Up Their Financial Shutters. The Principal Cause Traced Straight to the Chicago Failures-A Wholesale Whisky House Gees Under-Dun's Report of a More Encouraging Nature. KOKOMO, Ind., Mas 12.-The State Bank of Russiaville did not open its doors this morning. It was a small institution controlled by the Columbia National Bank of Chicago. Some of the stock is held by farmers in the vicinity. The officers claim that neither depositors or stockholders will lose anything. The Bank of Greentown has closed its doors The suspension is due to the suspension of the Chemical National Bank of Chicago. TOLEDO, Ohio, May 12.-The Ottawa County Bank a Elmore, a branch of the its Chicago Columbia Bank, has closed doors and the bank officials are not to be found. INDIANAPOLIS, Ind., May 12.-The banks of the Columbia National string at Moreystown and Greenwood have failed Moreystown bank is of considerable importance, having a capital of $75,000. The Farmers' and Merchants' Bank Geneva, Ind., closed its doors at noon. in town. of It was the oldest institution of the kind CHARLEVOIX, Mich, May 12-W. P. Brown & Co, bankers, doing business under the name of the Bank of Charlevoix, have made an assignment. No statement has yet been made as to the cause of suspension. PAWPAW, Mich. May 12 -The man- did of the local bank at Lawton agers not open this morning, having lefttown last night. Citizens have some $18,000 deposited in the bank. CHICAGO. May 12.-At a meeting of directors of the Chemical National Bank the yesterday it was resolved to reorganize the bank and resume business at the earliest possible moment. It was also resolved that if after examination now being made by the comptroller be of the currency the capital stock shall impaired the impairment shall be made good. PORTLAND, Ind., May 12.-The Dunkirk National Bank of Dunkirk, owned and controlled by Dwiggins, Starback Co. of Chicago, failed to-day with liabilities of at least $75,000. The firm a number of other banks and wall, 100. owns they are reported to have gone to the CINCINNATI May 12-The private & banking firm of Dwiggin, Starback Co. have failed. Liabilities not stated LONDON, May 12.-The rate of dis count was raised to 3% The com pletion account absorbs the attention of jobbers and brokers at the stock exchange. Thus far in the course of settlement seven small brokers have market failed. A better feeling prevails in the for American railway securities. 12.-The LOULVVLLE, Ky., May wholesale whisky firm of W. H. Thomas & Sons suspended payment this morning. The different bankers with which the firm has done business place the excess of assets over liabilities at from $100,000 to $400,000. CONVOY, Ohio, May -The Farmer's Bank of Convoy closed its doors today, caused by its relations with the Colum bia National Bank ot Chicago. NEW YORK, May 12.-R. G Dun & Co's weekly review of trade will say: The smash in industrial stocks a week the failure of some firms and of ago, the National Cordage Company and the largest decline in stocks known in any week since 1873 have been followed by surprisingly little disturbance. Business has shown remarkable a soundness and strength ier such strain, although disquieting rumors are naturally frequent. The bank failures Chicag' and Indianapolis, and at rumors of others. reflect large losses through Chicago speculations in real estate and grain, and at Indianapolis through the failure of the Premier Steel Co., but commercial credits are not as yet materially affected. There is more buying of commercial paper than a week ago, and while foreignex change has risen above the exporting point, no gold is yet ordered for ship ment. as banking houses reckon upon larger exports of products before long. Interior money matters are growing tighter and more cautious, but no such stringency 18 yet seen as to check generaltrade, which appears to have some what im proved with more seasonable weither. The weekly iron output May 1 shows 27,000 tons increase for the month and is 3,700 greater than a year ago, while unsold stocks decreased 11,000 tong in Good pig iron is scarce, brands are some April. Southern pressed but for sale. The demand for bar, plate, volume structural and sheet iron is better in without improvement in price. Business failures during the last week number for the United States 257 and Canada 23; total, 280. Death of Mrs. Elizabeth Wertz. Wertz. and one of the oldest and most Mrs. Elizabeth Wertz, widow of Jacob

4. May 13, 1893 The State Chronicle Raleigh, NC

Article from The State Chronicle, May 13, 1893

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MANY BANKS FAIL. Financial Disasters All Over the Country Yesterday. PORTLAND, Ind., May 12.-The Dunkirk National Bank, of Dunkirk, owned and controlled by Dwiggins, Starbach & Co., Chicago, has failed. Their liabilities will be at least seventy-five thousand dollars. The firm owns a number of other banks, and these are reported to have gone to the wall. KOKOMO, Ind., May 12.-The State Bank of Russiaville did not open doors this morning. It was a small institntion controlled by the Columbia National Bank, of Chicago. Some of the stock is held by farmers in the vicinity. Officers claim that neither depositors or stockholders will lose anything. The bank of Greentown, has closed its doors. Suspension is due to the suspension of the Chemical National Bank of Chicago. CHARLEVOIX, Mich, May 12.-W. P. Brown and Company, bankers, r doing business under the name of e the Bank of Charlevoix, have made e an assignment to R W. Kane. No t statement has yet been made as to r the cause of the suspension. 9' RAWPAW, Mich., May 12 -Great IS excitement prevails at Lawton. The S managers of the local bank there of did not open the institution this morning, having left town last night The citizens have some $18,000 de posited in the bank. TOLEDO, O,, May 12.- - -The Ottaws a County Bank, at Elmore, a branch nt of the Chicago Columbia, has close ge its doors and the bank officials ar he not to be found. on INDIANAPOLIS, May 12.-The Ban er of Columbia and the National d th Greenwood are said to have failed on The Farmers' and Merchants' Ban er of Geneva, Ind, closed its doors 8 be noon. It was the oldest institutio of the kind in the town. CONVOY, Ohio, May 12.-Th Bank of Convoy, Ohio. closed i doors today, caused by its relation Co. with the Columbia National Ban he of Chicago. No statement of th ty, bank's condition has been made. ut card on the door states : "Th ks bank has suspended." te

5. May 13, 1893 The Times Richmond, VA

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MANY BANK FAILURES. Several State and Branch Institutions Shoved to the Wall. PORTLAND, IND., May 12.-The Dunkirk National Bank, of Dunkirk, owned and controlled by Dwiggins, Starbuch & Co., of Chicago, has failed. The liabilities of the firm are at least $75,000. The firm owns a number of other banks, and these are reported to have gone to the wall. "This Bank Has Suspended." CONVOY, O., May 12.-The Farmers' Bank, of Convoy. O., closed its doors today, caused by its relations with the Columbia National Bank, of Chicago. No statement of the bank's condition has been made. A card on the door states: "This bank has suspended." INDIANAPOLIS May 12.-Branch banks of the Columbia National at Moreystown and Greenwood are said to have also failed. The Moreystown bank is of considerable importance, having a capital of $75,000. The Farmers' and Merchants' Bank, of Geneva, Ind., closed its doors at noon. It was the oldest institution of the kind in the town. Another Slight Failure. CHARLEVOIX, MICH., May 12.-W. P. Brown & Co., bankers, doing business under the name of the Bank of Charlevoix, have made an assignment to R. W. Kane. No statement has yet been made as to the cause of the suspension. Managers of a Bank Disappear. PAW PAW, MICH, May 12.-Great excitement prevails at Lawton. The manzgers of a local bank there did not open the institution this morning. having left town last night. Citizens have some $18,000 deposited in the bank. Two Indiana Banks Go Under. KOKOMO, IND., May 12.-The State Bank of Russiaville did not open its doors this morning. It was a small institution controlled by the Columbia National Bank, of Chicago. Some of the stock is held by farmers in the vicinity. The officers claim that neither the depositors nor the stockholders will lose anything. The Bank of Germantown has closed its doors. The suspension is due to the suspension of the Chemical National Bank, of Chicago. Another Bank Fails. TOLEDO, May 12.-The Ottawa County Bank, at Elmore, a branch of the Chicago Columbia, has closed its doors, and the bank officials are not to be found. Private Banking Firm Fails. CINCINNNATI, O., May 12.-The private banking firm of Dwiggins, Starbuch & Co. has failed. Michigan Banks Suspend. GRAND RAPIDS, MICH. May 12.-The private banking institution of Paris & Nave, at Rockford, Kent county, closed its doors this morning upon order of the proprietors, who live at Indianapolis. The bank did a lively business among the farmers. Nothing is known of the bank's condition, except that it was affected by t the failure of the Capital National Bank of Indianapolis. EDWARDSBURG, MICH. May 12.-The Citizens' Bank, of this place, closed its doors this morning. About $25,000 of local e deposits, together with township and school funds are affected. It was a branch of the Chicago Columbia. Another Columbia Branch Fails. e RICHLAND, MISS., May 12. The Union S g Bank, a branch of the Columbia National g Bank, of Chicago, closed this morning Cashier Watts says that depositors will g V be paid in full, and the bank will be r running again in two or three days. More Indiana Failures. g HEBRON, IND., May -The Citizens' m Bank of Hebron closed its doors to-day. is The suspension was caused by the Columy bia National failure. INDIANAPOLIS, May 12.-The Bank of 1, Spiceland, of Spiceland, Ind., suspended 1to-day. The Bank was a State institution, with $26,000 capital, of which $13,000 was subscribed for Dwiggin, Starbuck & Co., of Chicago. The deposits amounted to $30,000, and the loans something more th than that. of MONROEVILLE, IND., May 12.-The y, bank here, a branch of the Chemical Na ic tional Bank, of Chicago, closed its doors t; to-day. A statement as to the condition iof the bank cannot be given. aMORRISTOWN, IND., May 12.-The of Commercial Bank, of Morristown, closed this morning from fear of a run. There is confidence in the managers' ability t bridge over the difficulty and resum ee to-morrow. No uneasiness is felt by de positors. MONTICELLO, IND., May 12.-Th by Commercial, of Brookston, closed to-day The principal stock is owned by the Dwig te gins syndicate. Efforts are being made to have a receiver appointed to protec xt depositors.

6. May 13, 1893 The Evening Herald Shenandoah, PA

Article from The Evening Herald, May 13, 1893

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More Banks Suspend. OTTAWA, III., May .-Richard J. Hornick, banker, merchant and speculator, of Grand Ridge, made an assignment yesterday to Lacri Hibbs and Caleb P. Porter. The cause of the assignment is given as a run on his bank. caused by the financial entanglement of his brother, his backer, John Hornick, of Sioux City, Iowa. INDIANAPOLIS May 13.-The directors of the Capital National bank claim that there has been no loss on discounts and that not a department has lost a dollar. The bank they say is more than solvent. They will ask the examiner to permit resumption after an examination. FORT WAYNE, Ind., May .-News of the suspension of the Farmers' and Merchants' bank at Geneva, Ind., reached here late yesterday afternoon. The bank closed its doors at noon. It was the oldest institution of the kind in the town. CHICAGO, May 13.-The depositors in the Exposition branch of the Chemical National bank were paid the amounts due them before the close of the Exposition last night. TOLEDO, O., May 13.-The - Ottawa county bank at Elmore, a branch of the Chicago Columbia, has closed its doors and the bank officials are not to be found. KOKOMO, Ind., May 13. - The bank of Greentown has closed its doors. The suspension is due to the suspension of the Chemical National bank, of Chicago. BROOKSTAN, Ind., May 1 13.-The Commercial bank, of this place, has closed its doors.

7. May 13, 1893 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, May 13, 1893

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COLUMBIA BRANCHES. Many Country Banks Carried Down by the Chicago Failure. CASEY, III., May 12.--The Columbia National bank is the principal stockholder in the Farmers' and Merchants' bank. of this city. The Farmers' and Merchants' made an assignment today. The assets, consisting of money, notes are are uncertain, and liabilities fixtures, probably $16,000. but, it The is thought, will reach $23,000 or over. DUNKIRK, Ind., May 12.-The Dunkirk bank closed its doors last night, suspending payment to depositors. The bank is owned by Starbuck, Dwiggins & Co., of Chicago, and has gone down for about $70,000. It is assumed that the failure is the result of the collapse of the Columbia National bank, of Chicago, of which Mr. Dwiggins was president. KOKOMO, Ind., May 2.-The Commercial State bank, of Russiaville, and the Farmers' bank at Greentown, both under one management, closed their were in $60,000. doors this They morning, caught with deposits the Colum- of bia bank failure, of Chicago. They were recently crippled by a large milling company failure. INDIANAPOLIS, May 12.-A special from Brookston, Ind., to the News says the Commercial bank of that place has closed its doors. It was closed entirely by the Chicago Columbia. No statement of assets or liabilities as yet. The banks of the Columbia National string at Morristown and Greenwood are said to have also failed. The Morristown bank is of considerable importance, having a capital of $75,000. FORT WAYNE, Ind., May 12.-News of the suspension of the Farmers and Merchants' bank, at Geneva, reached here late this afternoon. The bank closed its doors at noon. It was the oldest institution of the kind in the town. INDIANAPOLIS. May 12.-The Central bank, of West Lebanon. Ind., is running today, but will probably have to close, at least temporarily, on account of the failure of the Columbia National bank. The impression is that the Central will be only temporarily disabled. CHARLEVOIX, Mich., May 12.-W. P. Brown & Co., bankers, doing business under the name of the Bank of Charlevoix, made an assignment to R. W. Kane last night. No statement has yet been made as to the cause of suspension. GRAND RAPIDS, Mich., May 12.-The private banking institution of Paris & Rye, of Rockford, this county, closed its doors today upon orders of the comptroller, who lives at Indianapolis. Nothing is known of the bank's finances, except that it was affected by the failure of the Capital Bank of Indianapolis. LAWTON, Mich., May -The village IS greatly excited over the failure of the local bank to open this morning. The managers have left town. The citizens have deposits there amounting to $18,000, and are taking legal steps to realize something. RICHLAND, Mich., May 12. -- The Union bank, a branch of the Columbia

8. May 16, 1893 The Progressive Farmer Raleigh, Winston-Salem, Winston, NC

Article from The Progressive Farmer, May 16, 1893

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MANY BANKS FAIL. Financial Disasters All Over the Country PORTLAND, Ind., May 12.-The Dun kirk National Bank, of Dunkirk, owned and controlled by Dwiggins, Starback & Co, Chicago, has failed. Their lia bilities will be at least $75,000. The firm owns a number of other banks, and these are reported to have gone to the wall. KOXOMO, Ind., May 12.-The State Bank of Russiaville did not open doors this morning. It was a small institution controlled by the Columbia Na tional Bank, of Chicago. Some of the stock is held by farmers in the vicinity. Officers claim that neither depositors or stockholders will lose anything The bank of Greentown has closed its doors. Suspension is due to the sus pension of the Chemical Bank of Chicago CHARLEVOIX Mich., May 12-W.P. Brown & Co, bankers, doing business under the name of the Bank of Charle voix, have made an assignment to R. W. Kane. No statement has yet been made as to the cause of the suspension. RAWPAW, Mich., May 12.-Great exeitement prevails at Lawton. The managers of the local bank there did not open the institution this morning, having left onn last night The citi zens have some $18,000 deposited in the bank. TOLEDO, O, May 12.-The Ottawa County Bank, at Elmore, a branch of the Chicago Columbia, has closed its doors and the bank officials are not to be found INDIANAPOLIS May 12.-The Bank of Columbia and one National of Green wood are said to have failed The Farmers and Merchants' Bank of Geneva, Ind., closed its doors at noon it was the oldest institution of the kind in the town. CONVOY, Ohio, May 12 -The Bank of Convey. Ohio, closed its doors to day, caused by its relations with the Columbia National Bank of Chicago. No statement of the bank's C ndition has been made. A card on the door states: "This bank has suspended.' PORTLAND, Ind., May 12.-The Dun kirk Bank of this city failed this morn ing with liabilities estimated at $75,000. Others are threatened. CHICAGO, III., May 12.--Three more of the banks in this city are reported in an embarrassed condition WILMINGTON, Del. May 11.-The announcement of the failure of R. R. Robinson & Co., bankers and brokers of this city, to day, created a profound sensation. The rumors of the failure of this well known firm has been on the street for several days, and business circles have been excited. The liabilities of the firm are estimated at $300,000, while it is said the assets will not exceed $100,000. The sheriff has seized all the property of the bankrupt firm. INDIANAPOLIS, Ind., May 11.-The Capital National Bank of this city has suspended. The stat ement is made that the closing of the bank's doors was made necessary by the failure of the Chemical National Bank of Chicago last week. which institution owed a capital of $100,000. The bank also carried a large amount of the Premier Steel Works' papers. The latter con cern was placed in the hands of a re ceiver Friday last. LONDON, May -Hallet and Company, navy agents and bankers, have suspended. The suspension hascaused a sensation in military and naval circles at West End, as many officers are depositors with the company. MELBOURNE May 9.-The bank of Victoria, of this city, suspended payment this morning. The liabilities amount to over £7,000,000.

9. May 17, 1893 The Enterprise Wellington, OH

Article from The Enterprise, May 17, 1893

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BANK FAILURES. A Number of Small Institutions in Various Sections Swamped By the Columbian National Failure-Busl= ness in Several States Must Feel the Shock-Two Ohio Institutions Are Among Those Gone Under. PORTLAND, Ind., May 18.-About 1 o'clock yesterday morning a courier from Dunkirk arrived here and announced the failure of the Dunkirk bank, which is owned and controlled by Dwiggins, Starbuck & Co., of Chicago. Attachments were at once filed and a deputy sheriff left immediately to levy on all the available property. The bank has gone under for at least $75,000 and the amount may reach $100,000. The firm controlling the bank owns a number of others, and these are reported gone to the wall. CINCINNATI, O., May 13.-The private banking firm of Dwiggins, Starbuck & Co., of Williamsburg, O., has failed. The assignment was made to D.W. Atehley, at Batavia, the county seat, shortly before midnight Thursday night, and was caused by the failure of the Columbia bank of Chicago, of which Mr. Dwiggins was cashier. About $8,000 is due the Wilmington bank from the Columbia, all of which, it is thought, will be lost. Lawrence P. Good, expert accountant, of Indianapolis, was in the bank Thursday evening making an examination with a view of organizing a national bank. He left Williamsburg at 5 o'clock Friday morning. A telegram from Williamsburg to Chief Dietsch ordered Good's arrest on charge of embezzlement of $210,000. He was held here and declared his innocence. INDIANAPOLIS, May 18.-John W. Paris and J. Shannon Nave, under the partnership style of Paris & Nave, bankers, have, from their quarters in the old Sentinel building in this city, been controlling several small banks in the state, Upon the report of the Columbian National bank failure, Paris & Nave ordered the banks under their control to suspend. These include the bank of Orleans, bank of Rossville, bank of Freeport, O., and bank of Rockford, Mich. These banks were all private affairs and had no extensive patronage. TOLEDO, May 18.-The Ottawa County bank at Elmore, a branch of the Chicago Columbia, has closed its doorsan the bank officials are net to be found. DETROIT, Mich., May 13.-A special from Pawpaw, Mich., says: Great excitement prevails at Lawton. The managers of a local bank there did notopen up the institution yesterday morning, having left town Thursday night. Citizens have some $18,000 deposited in the bank and are taking legal steps in the hope of readizing EDWARDSBURG, Mich., May 18-The Citizens' bank of this place closed? doors yesterday morning. About $25,000 of local deposite, together with township and school fundsare affected. CONVOY, O., May 48.-The Farmers' bank, of Convoy, O., closed Its doors yesterday, caused by its relations with the Columbia National bank, of Chicago; no particulars. A card on the door states: "This bank has suspended." FORT WAYNE, Ind., May 13.-News of the suspension of the Farmers and Merchants' bank at Geneva, Ind., reached here / The bank closed its doors at noon. It was the oldest institution of the kind in town.

10. May 18, 1893 Grant County Herald Lancaster, WI

Article from Grant County Herald, May 18, 1893

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MANY BANKS CLOSE. Result of the Failure of the Columbia National of Chicago. CHICAGO, May 13.-Dispatches received here announce the suspension of the following banks, all of them due to their connection with Dwiggins, Starbuck & Co., of the Columbia national bank of this city, which closed its doors on Thursday: Bank of Dunkirk, Portland, Ind., liabilities estimated at from $75,000 to $100,000; Commer rial state bank of Russiaville, Ind., deposits, 560,000; Farmers' bank, Greentown, Ind.: priwater banking firm of Dwiggins, Starbuck & Co., at Williamsburg, O.; Ottawa bank, Elmore. O: Commercial bank of Morristown, Ind: Citizens' national bank, Boswell. Ind.: Commercial bank of Brookston, Ind.; Commercial bank at Walkerton, Ind.: Farmers' and Merchante bank of Genewa. Ind : Bank of Greenwood, Ind.; Bank of Orleans, Orleans, Ind.: Citizens bank, Hebron, Ind.: Farmers' and Merchants' bank, Casey, Ill.: Citizens' bank of Edwardsburg, Mich Bank of Lawton, Mich.: Bank of Oregon. Wis: Union bank, Richland, Mich: Spiceland bank, Spiceland, Ind : Citi zens' state bank, Knox, Ind: Central bank, West Lebanon, Ind.; banks at Oxford, Ind, and Arcadia. Ind.